Eurozone

Unemployment Remains a Stumbling Block in the Eurozone

Newscom January’s unemployment numbers for the 17 countries of the eurozone has moved closer to 12 percent. This underscores the strong economic headwinds that face these member nations as they continue to grapple with an ongoing economic crisis. This same data reveals deep internal chasms within the eurozone between the economically healthy member nations and […]

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North Korean Threat: Obama Administration Undermines Missile Defense

Korean Central News Agency via Korean News Service Yesterday, White House spokesman Jay Carney asserted that the U.S. is “fully capable of defending itself” against a North Korean ballistic missile attack. Carney didn’t mention that the Obama Administration has tried to undermine the long-range missile defense program since it came into office. First, it decided […]

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Obamacare Continues to Restrict Hiring

Newscom The Federal Reserve Beige Book, released on March 6, cited Obamacare as a factor in slowing hiring and employment growth. The Beige Book is a report published eight times a year that details the economic activity in the 12 different Federal Reserve regions. As this most recent report explains, “Employers in several Districts cited […]

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Obama Budget to Be Submitted Even Later

Newscom The Obama Administration is on track to beat former President Bill Clinton for second-longest delay in submitting a presidential budget on time. First place for the latest budget in history? That also goes to President Obama. In 2009, he did not submit a budget until 98 days after the statutory deadline. Though the White House […]

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Sessions and Ryan to LaHood: Halt the High-Speed Train to Vegas

Senate Budget Committee Ranking Member Jeff Sessions (R–AL) and House Budget Committee chairman Paul Ryan (R–WI) sent a letter yesterday to Transportation Secretary Ray LaHood, urging the Department of Transportation to reject a $5.5 billion gamble on high-speed rail. The train, called XpressWest, would run from Victorville, California, to Las Vegas, Nevada. As Heritage Foundation […]

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Advancing Economic Freedom: Leading from Behind Doesn’t Work

The 2013 Index of Economic Freedom Advancing economic freedom around the world has markedly stagnated in recent years, particularly due to the lack of America’s leadership, says Terry Miller, chief editor of The Heritage Foundation’s Index of Economic Freedom, in a recent interview with the Langley Intelligence Group Network. According to Miller: Historically, the United […]

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$253.5B—Obama Borrowed Nearly 6x as Much in February as Sequester Cuts All Year

(CNSNews.com) – During the month of February–as President Barack Obama was warning Americans they would see dramatic effects in their lives if “sequestration” of some planned federal spending kicked in–the federal government’s debt climbed by $253.5 billion. That one-month increase in the debt was nearly six times as much as the $44 billion in spending […]

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No Sequestration for Chinese Military Spending

Newscom The Chinese yesterday announced new defense and internal security budgets. In keeping with the average double-digit annual increases of the past 20 years, Chinese military spending will rise by 10.7 percent. These consistent massive increases, announced ahead of the 12th National People’s Congress—the world’s largest parliament—have allowed Chinese military modernization to gain by leaps […]

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TSA Spends $50 Million on Uniforms Just Before Sequestration

Newscom Despite claims by the Obama Administration that the Transportation Security Administration (TSA) budget couldn’t afford sequestration cuts without reducing personnel—thus causing longer wait times at airports—the agency had no qualms about adding a $50 million contract for new uniforms the week before the spending cuts officially began. On February 27, the TSA announced the […]

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